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“Did you know that the global gaming market size is expected to surpass $682 billion by 2030?”
With that in mind, investors are watching closely for the best play to earn coins that could do well in the next bull market. Today, gaming and cryptocurrency are mixing in an exciting new way called Play-to-Earn (P2E). With the gaming industry evolving rapidly, it's no surprise that P2E tokens are gaining popularity.
Originally, the P2E concept was predominantly integrated into DeFi platforms to incentivize users to participate in various activities such as yield farming, liquidity providing, and staking. This integration allows players to earn rewards in the form of cryptocurrency tokens while engaging with decentralized gaming platforms and applications.
However, in an intriguing twist, P2E games are extending beyond the DeFi sector, infiltrating other areas of the cryptocurrency market, such as meme coins. A perfect example of how meme coins are now embracing P2E concepts to engage users in innovative ways is KangaMoon (KANG), the hottest P2E token blowing up the meme coin space currently.
With Play-to-Earn games having seen a 90% increase in users over the past year alone, investors are expecting more from P2E tokens this year as the lines between gaming and finance continue to blur.
With KangaMoon included, let’s discuss the 5 best Play-to-Earn tokens that will lead the charge in their sector, redefine gaming economics and potentially generate impressive returns for investors this year.
Top 5 Play-To-Earn Tokens To Keep an Eye on in 2024
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KangaMoon (KANG)
KangaMoon (KANG) has quickly gained recognition as one of the best new meme coins in 2024, earning praise for its vibrant community of meme enthusiasts. By integrating SocialFi and Play-to-Earn components, KangaMoon helps the community engage, expand, and reap rewards collaboratively.
The main agenda of the platform, however, involves a unified ecosystem or rather “Kangaverse”, as the users would prefer, where players can engage in battle contests and competitions with meme coins, top NFTs and DeFi tokens as prizes. Other players can even bet on the outcome of these contests to win token prizes.
With an impressive start in its presale, hitting $1,000,000, analysts are already predicting that KangaMoon may end up achieving a $1.5M milestone later this week, and over $2M before the end of March. Besides, KangaMoon has delivered over 125% ROI for early investors as the native KANG token has surged from an initial price of $0.005 to $0.01125, and is anticipated to reach $0.5 by second quarter of the year.
Aiming to foster community support and engagement, KangaMoon enables new users to start earning KANG tokens even while the project is still in its presale. All that has to be done is contribute to the popularity of its platform by engaging with its social media accounts through sharing posts and commenting. Additionally, KangaMoon has already set sights to list on top CEX, solidifying its chances to rank as a top Play-to-Earn token this year.
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The Sandbox (SAND)
Officially launched in 2019, The Sandbox (SAND) token specifically offers a platform for user-generated content, allowing players to build and trade virtual assets such as land, avatars, and various in-game items. The native SAND token serves as the primary currency within the platform, enabling transactions, rewarding creators for their contributions, and facilitating governance decisions.
Looking at The Sandbox price chart, it's safe to say that The Sandbox token began the year on a positive outlook, having recovered from its decline late last year and rising over 70% above its support price. Currently, The Sandbox token price holds in a weekly price range of $0.6092 and $0.8082, after progressing by 12.78% in the past week and over 66.59% in the past month.
Posing as a good P2E crypto to buy, The Sandbox offers potential growth in the booming blockchain gaming market and benefits from its strong community, NFT marketplace, partnerships, and utility within the ecosystem.
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Gala (GALA)
Gala (GALA) token revolutionizes the gaming landscape by establishing a decentralized gaming environment that empowers players to have full control over their virtual adventures. This innovative platform allows users not only to earn cryptocurrencies but also actively participate in shaping the future of game development, all while earning unique non-fungible tokens (NFTs) as rewards.
With Gala Games leading the charge in blockchain gaming, it ushers in a new era of interactive experiences powered by web-3 technology. This positions Gala (GALA) as a promising contender for significant gains in the current year.
The Sandbox currently boasts a market capitalization of over $2.1 billion and has shown consistent progress throughout the year. According to CoinMarketCap data, Gala token has experienced a 55.85% increase in value in the past week and a remarkable 199% surge over the past month, holding within a weekly price range that has been observed to fluctuate between $0.03668 and $0.08192.
- Axie Infinity (AXS)
Axie Infinity (AXS) immerses players in a blockchain-powered world where they encounter adorable creatures known as Axis(es). These creatures can be bred, trained, and exchanged, each possessing distinct traits and abilities stored as non-fungible tokens (NFTs).
Operating on the Ethereum blockchain, the game rewards players with Axie Infinity tokens for engaging in battles, quests, and various in-game endeavors. These tokens hold multifaceted utility, enabling governance voting, staking, and the acquisition of in-game items.
Currently Axie Infinity token is hovering in a weekly price range of $9.31 and $13.22, after having progressed by14.19% in the past week and over 63.96% in the past month. Owing to its high price rise in the past few months, Axie Infinity stands as a good contender for the best Play-to-Earn token this year.
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Floki (FLOKI)
Having just launched its P2E NFT Metaverse utility project late last year, Floki meme coin has grown massively as crypto is now the most traded meme coin after Dogecoin. By leveraging this meme coin, individuals gain entry into a diverse ecosystem encompassing the Valhalla NFT Metaverse Games, the educational hub Floki University dedicated to cryptocurrencies, DeFi functionalities, and a curated collection of FlokiPlaces NFTs.
Now standing as the 11th most traded cryptocurrency in the world, Floki holds a massive $2.5B in market cap and just recently received a 163.67% daily gain on its trading volume. While Floki price ranges from $0.0001079 to $0.0002885, the token has increased by 64.53% this past week and a meteoric rise of over 767.94% in the past month.
Other Play-To-Earn Cryptos Worth Mentioning
While only 5 Play-to-earn cryptocurrencies were curated in the above list, there are other P2E tokens that deserve a mention as they hold substantial potential of becoming top gainers this year also. They are:
- Decentraland (MANA)
- Illuvium (ILV)
- Beam (BEAM)
Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today!
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